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7-Business: Economist cites significant potential benefits for poor farmers in developing countries



------------------------------- GENET-news -------------------------------

TITLE:  Economist cites significant potential benefits for poor farmers
        in developing countries
SOURCE: PRWeb, USA, posted by Checkbiotech, Switzerland
        http://www.checkbiotech.org/root/index.cfm?
fuseaction=newsletter&topic_id=5&subtopic_id=25&doc_id=12249
DATE:   15 Feb 2006

------------------ archive:  http://www.genet-info.org/ ------------------


Economist cites significant potential benefits for poor farmers in
developing countries

In 2003-04, approximately $44 billion in value was being produced
worldwide from biotech crops, according to research conducted by Dr. C.
Ford Runge, Director of the Center for International Food and
Agricultural Policy (CIFAP) at the University of Minnesota. The research
appears in a consulting report for the Council for Biotechnology
Information (CBI).

"At the macro level, the impact of the technology is only beginning to be
felt. So every year, I would anticipate that that value figure will grow.
Biotech crops will play a more and more important role in the global crop
economy," Runge says in a new video available at biotech-gmo.com.

"My only real interest is that plant biotechnology not become an excuse
for restricting trade that's a potential benefit not only to our farmers
in the United States, but especially to poor farmers in developing
countries," Runge continues.

Dr. Runge's research demonstrates there is increasing adoption of biotech
crops, with the potential for a major expansion of planted acreage still
to come. Research on new GM crops is also robust, with efforts ongoing in
57 plant species across 63 countries, including programs in Asia, Latin
America and parts of Africa.

"It is an extremely powerful and important emerging technology. And it's
going to play its role and part depending on the degree to which it can
be made available, appropriate and friendly - especially to poor farmers
in developing countries," says Runge.

"The question that has been raised in some quarters is whether or not
transgenic crops are only for big, rich farmers." According to Runge, the
answer is no. "The reason for this goes back to the fact that the
advantages of the technology are inherent in the seed."

To view the short video featuring Dr. C. Ford Runge, visit Monsanto's
Conversations about Plant Biotechnology website:
http://www.monsanto.com/biotech-gmo/new.htm




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